Cryptocurrency analyst and trader Michaël van de Poppe says that Bitcoin (BTC) shows signs of bullish.
Van de Poppe tells His 792,200 followers on the social media platform X that Bitcoin could rise above the price of $ 112,000 and achieve a new all time if BTC succeeded in breaking above the resistance level at around $ 108,900.
“Bitcoin trending back up, which is a great sign.”
Based on the Bitcoin hit list of the widespread analyst on the four-hour period, it seems that Van de Poppe BTC sees witnessing a dip to the zone around $ 100,000 if the crypto-king loses $ 105,500 as support.
Bitcoin acts at $ 105,617 at the time of writing.
The following is the scale solution optimism (OP). According to For the generally followed analyst and trader, optimism has formed a bullish divergence against Bitcoin at the three -day period.
A bullish divergence forms when the price makes lower lows or trends aside, while an indicator such as the Relty Strength Index (RSI) forms higher lows. Van de Poppe says that the bullish forms in itself could indicate that the altcoin “will probably turn around” against Bitcoin.
On 0.00005373 BTC ($ 0.561) acts on the moment of writing.
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Generated image: dalle3